Business – Page 117 – THE OVAL CIRCLE

US dollar grabs bigger share in global currency reserves, but broader trend indicates shift away from greenback

Posted on July 3, 2021July 3, 2021By Editor

The share of the US dollar held by global central banks totaled 59.5% from January through March, up from 58.9% recorded in the previous quarter, according to data revealed by the International Monetary Fund (IMF). … Read More >US dollar grabs bigger share in global currency reserves, but broader trend indicates shift away from greenback

Inflation hurts American working class as Fed prints money like it’s going out of style – RT’s Keiser Report

Posted on July 3, 2021July 3, 2021By Editor

RT’s Keiser Report looks at the US’ quantitative easing measures, which were initially sold to Americans as a temporary emergency measure after the 2008 financial crisis, but have since become permanent. … Read More >Inflation hurts American working class as Fed prints money like it’s going out of style – RT’s Keiser Report

Russia’s economic growth speeds up to nearly 11% in May

Posted on July 3, 2021July 3, 2021By Editor

Russia’s gross domestic product (GDP) saw a year-on-year growth of 10.9% in May as the country gradually recovers from the Covid-19 pandemic, the economy ministry announced on Thursday. … Read More >Russia’s economic growth speeds up to nearly 11% in May

Google faces legal action in Russia over breaching personal data law

Posted on July 3, 2021July 3, 2021By Editor

Russian communications watchdog Roskomnadzor has opened an administrative case against Google, after the US tech giant failed to comply with a law obliging foreign companies to keep all data on Russian users on Russian territory. … Read More >Google faces legal action in Russia over breaching personal data law

Russia in final stage of negotiations with Egypt to build industrial park in Port Said

Posted on July 3, 2021July 3, 2021By Editor

Cairo and Moscow are planning to hold discussions on the construction of a Russian industrial zone in the Mediterranean city of Port Said, according to Egyptian Trade and Industry Minister Neveen Gamea. … Read More >Russia in final stage of negotiations with Egypt to build industrial park in Port Said

Russia’s agricultural growth will curb rising domestic food prices – Putin

Posted on July 3, 2021July 3, 2021By Editor

Russian President Vladimir Putin says this year’s harvest will help to lower food prices in the country. He explained that prices have risen due to a shortage of domestic produce and high dependence on imports. … Read More >Russia’s agricultural growth will curb rising domestic food prices – Putin

Wastewater problem could cap US shale growth

Posted on June 29, 2021June 29, 2021By Editor

The US oil industry continues to struggle to solve its wastewater problem, and a newly proposed bill could make wastewater disposal even more difficult. … Read More >Wastewater problem could cap US shale growth

China’s industrial profits soar over 83% in five months of 2021

Posted on June 29, 2021June 29, 2021By Editor

The profits of China’s major industrial firms grew 83.4% year-on-year in the period between January and May to about 3.4 trillion yuan ($527 billion), data from the National Bureau of Statistics (NBS) showed on Sunday. … Read More >China’s industrial profits soar over 83% in five months of 2021

Russia’s largest gold mining company to boost output amid global production drop

Posted on June 29, 2021June 29, 2021By Editor

Russian gold mining company Polyus is planning to ramp up production over the next two years, as the overall global output of the precious metal has fallen during the Covid-19 pandemic. … Read More >Russia’s largest gold mining company to boost output amid global production drop

S&P upgrades Russia’s economic outlook for 2021

Posted on June 29, 2021June 29, 2021By Editor

S&P Global Ratings expects Russia’s economic growth to reach 3.7% this year. The agency has upgraded its previous forecast of 3.3%, published in March. … Read More >S&P upgrades Russia’s economic outlook for 2021